Average Risk and Capital Manager Salary in Rwanda for 2024

In this article, we will look at the average Risk and Capital Manager salary for 2024 in Rwanda and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Rwandan franc. To keep things simple, we are using the RWF currency code instead of the currency symbol Fr.

How Much Does a Risk and Capital Manager Make in Rwanda?

A Risk and Capital Manager working in Rwanda will typically earn around 13,679,300 RWF per year, and this can range from the lowest average salary of about 6,322,500 RWF to the highest average salary of 21,841,900 RWF.

Average Annual Salary
13,679,300 RWF
Average Monthly Salary
1,139,941 RWF

Lowest Annual Salary
6,322,500 RWF
Lowest Monthly Salary
526,875 RWF

Highest Annual Salary
21,841,900 RWF
Highest Monthly Salary
1,820,158 RWF

These are average salaries for a Risk and Capital Manager in Rwanda and include benefits such as housing and transport. It's also possible for a Risk and Capital Manager to earn more or less than the average salaries shown above.

Risk and Capital Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Risk and Capital Manager Salaries in Rwanda

So we've looked at the average salaries a Risk and Capital Manager will earn in Rwanda. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Risk and Capital Manager can earn between 6,322,500 RWF and 21,841,900 RWF on average in Rwanda. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Risk and Capital Manager in Rwanda is 14,880,300 RWF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 14,880,300 RWF, and 50% of the population earn more than 14,880,300 RWF.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Risk and Capital Manager salary in Rwanda, 25% of the population are earning less than 9,517,400 RWF while 75% of the population earn more than 9,517,400 RWF.

75% of the population earn less than 19,799,400 RWF, and 25% of the population earn more than 19,799,400 RWF.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Risk and Capital Manager Salary by Experience Level in Rwanda

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average risk and capital manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Risk and Capital Manager in Rwanda that has less than two years of experience can expect to earn somewhere in the region of 7,174,700 RWF.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk and Capital Manager salary would increase to 9,576,900 RWF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk and Capital Manager, the average salary would be 14,158,800 RWF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 17,278,100 RWF.
  • 15 - 20 Years Experience. A Risk and Capital Manager with 15 to 20 years of experience can earn an average of 18,840,100 RWF.
  • 20+ Years Experience. For a Risk and Capital Manager with more than 20 years, the expected average salary increases to 20,400,600 RWF.

Average Salary by Experience Chart

0-2 Years
7,174,700 RWF
2-5 Years +34%
9,576,900 RWF
5-10 Years +48%
14,158,800 RWF
10-15 Years +22%
17,278,100 RWF
15-20 Years +9%
18,840,100 RWF
20+ Years +8%
20,400,600 RWF

Risk and Capital Manager Salary by Education Level in Rwanda

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Risk and Capital Manager in Rwanda based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Risk and Capital Manager in Rwanda with a high school education can earn an average salary of 8,795,700 RWF.

  • Certificate or Diploma. A Risk and Capital Manager in Rwanda with a certificate or diploma education can earn an average salary of 10,357,200 RWF.

  • Bachelor's Degree. A Risk and Capital Manager in Rwanda with a bachelor's degree education can earn an average salary of 15,001,200 RWF.

  • Master's Degree. A Risk and Capital Manager in Rwanda with a master's degree education can earn an average salary of 19,678,200 RWF.

Average Salary by Education Chart

High School
8,795,700 RWF
Certificate or Diploma +18%
10,357,200 RWF
Bachelor's Degree +45%
15,001,200 RWF
Master's Degree +31%
19,678,200 RWF

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Rwanda is around 3,460,000 to 10,400,000 RWF and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Risk and Capital Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Rwanda, a male risk and capital manager will earn an average of 14,519,400 RWF, while a female risk and capital manager will earn around 12,958,200 RWF.

This means that a male risk and capital manager earns approximately 12% more than a female risk and capital manager for performing the same job.

Average Salary by Gender Chart in Rwanda

Male
14,519,400 RWF
Female -12%
12,958,200 RWF

Risk and Capital Manager Average Pay Raise in Rwanda

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Risk and Capital Manager in Rwanda is around 10% every 27 months.

The national average pay raise across all professions and industries in Rwanda is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 10 ÷ 27 ) × 12  = 4%

What this means is that a Risk and Capital Manager in Rwanda can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Rwanda for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Rwanda.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Risk and Capital Manager Bonus and Incentive Rates in Rwanda

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Risk and Capital Manager is a moderate bonus based job, with 68% of employees reporting at least one bonus in the last 12 months.

32% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
68%
No Bonus
32%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Rwanda earn approximately 25% more than private sector employees in the same role.

Public Sector
9,215,300 RWF
Private Sector -25%
7,393,200 RWF

Salaries for Jobs Similar to a Risk and Capital Manager

In the table below, we have salary information for jobs that are similar to a Risk and Capital Manager in Rwanda.

Job Title Category Salary
Account Coordinator Executive and Management 7,271,300 RWF
Account Director Executive and Management 9,276,800 RWF
Account Executive Executive and Management 9,289,200 RWF
Account Manager Executive and Management 8,434,700 RWF
Administration Manager Executive and Management 8,915,100 RWF
Administration Officer Executive and Management 4,654,300 RWF
Administration Supervisor Executive and Management 7,129,200 RWF
Administrative Clerk Executive and Management 3,635,200 RWF
Administrative Officer Executive and Management 3,706,100 RWF
Area Director Executive and Management 8,149,100 RWF
Area Manager Executive and Management 7,980,700 RWF
Asset Protection Associate Executive and Management 9,311,400 RWF
Assistant Director Executive and Management 8,737,100 RWF
Assistant General Manager Executive and Management 9,311,400 RWF
Assistant Manager Executive and Management 9,804,400 RWF
Assistant Managing Director Executive and Management 10,894,900 RWF
Assistant Operations Manager Executive and Management 10,813,300 RWF
Assistant Project Manager Executive and Management 9,493,400 RWF
Assistant Section Head Executive and Management 7,572,700 RWF
Assistant to CEO Executive and Management 8,785,800 RWF
Assistant Vice President Executive and Management 9,695,200 RWF
Associate Account Director Executive and Management 9,025,900 RWF
Associate Director Executive and Management 9,409,200 RWF
Bid Manager Executive and Management 11,014,300 RWF
Branch Manager Executive and Management 10,199,600 RWF
Business Development Manager Executive and Management 11,617,300 RWF
Business Operations Associate Executive and Management 8,926,700 RWF
Business Operations Lead Executive and Management 9,995,000 RWF
Campaign Manager Executive and Management 10,297,600 RWF
Catering Coordinator Executive and Management 5,471,700 RWF
Catering Manager Executive and Management 9,576,900 RWF
CEO Executive and Management 17,159,700 RWF
Chairman of The Board Executive and Management 17,278,100 RWF
Chairman Office Manager Executive and Management 11,161,300 RWF
Chief Commercial Officer Executive and Management 13,441,600 RWF
Chief Corporate Officer Executive and Management 14,400,800 RWF
Chief Executive Officer Executive and Management 17,519,700 RWF
Chief Financial Officer Executive and Management 17,039,100 RWF
Chief Investment Officer Executive and Management 13,679,300 RWF
Chief of Staff Executive and Management 8,149,100 RWF
Chief Operating Officer Executive and Management 12,841,200 RWF
Chief Risk Officer Executive and Management 11,485,600 RWF
Client Account Manager Executive and Management 11,123,200 RWF
Client Accounts Officer Executive and Management 9,191,000 RWF
Client Services Manager Executive and Management 11,485,600 RWF
Commercial Director Executive and Management 11,833,900 RWF
Commercial Manager Executive and Management 10,546,700 RWF
Commercial Project Manager Executive and Management 10,092,500 RWF
Commodity Broker Executive and Management 7,271,300 RWF
COO Executive and Management 13,919,600 RWF
Corporate Affairs Executive Executive and Management 10,378,100 RWF
Corporate Compliance Director Executive and Management 11,998,600 RWF
Corporate Director Executive and Management 12,481,200 RWF
Corporate Officer Executive and Management 8,483,700 RWF
Corporate Partnerships Officer Executive and Management 8,267,800 RWF
Country Manager Executive and Management 13,919,600 RWF
Department Head Executive and Management 11,326,400 RWF
Department Manager Executive and Management 11,113,100 RWF
Department Supervisor Executive and Management 9,409,200 RWF
Deputy Director Executive and Management 12,600,600 RWF
Deputy Manager Executive and Management 12,121,000 RWF
Director Executive and Management 13,319,300 RWF
Director of Accreditation Executive and Management 11,543,100 RWF
Director of Catering Services Executive and Management 10,162,800 RWF
Director of Client Services Executive and Management 11,617,300 RWF
Director of Facilities Management Executive and Management 10,092,500 RWF
Director of Operations Executive and Management 11,543,100 RWF
Director of Process Simplification Executive and Management 9,684,600 RWF
Director of Product Management Executive and Management 12,239,700 RWF
Director of Project Management Executive and Management 12,841,200 RWF
Director of Revenue Management Executive and Management 10,669,400 RWF
Director of Training and Development Executive and Management 11,389,900 RWF
Distribution Manager Executive and Management 11,928,100 RWF
Division Manager Executive and Management 10,187,500 RWF
Duty Manager Executive and Management 10,199,600 RWF
Engagement Manager Executive and Management 12,958,200 RWF
Executive Director Executive and Management 16,799,900 RWF
Executive Manager Executive and Management 14,760,200 RWF
Franchise Manager Executive and Management 14,760,200 RWF
General Manager Executive and Management 14,400,800 RWF
Global Master Data Manager Executive and Management 12,361,500 RWF
Global Technical Lead Executive and Management 8,545,000 RWF
Head of Investment Executive and Management 11,638,300 RWF
Head of Middle Office Executive and Management 10,739,300 RWF
Head of Projects Executive and Management 12,361,500 RWF
Head of Strategy Executive and Management 13,319,300 RWF
Head of Supply Chain Executive and Management 10,669,400 RWF
Head of Sustainability Executive and Management 9,599,200 RWF
Housing Manager Executive and Management 9,886,200 RWF
HSE Manager Executive and Management 9,599,200 RWF
Key Account Manager Executive and Management 10,102,100 RWF
Knowledge Manager Executive and Management 10,919,400 RWF
Location Manager Executive and Management 11,531,500 RWF
Logistics Executive Executive and Management 8,833,600 RWF
Logistics Manager Executive and Management 9,025,900 RWF
Management Consultant Executive and Management 9,599,200 RWF
Management Executive Executive and Management 13,319,300 RWF
Manager Executive and Management 11,638,300 RWF
Managing Director Executive and Management 14,280,500 RWF
MIS Executive Executive and Management 12,121,000 RWF
Ocean Services Manager Executive and Management 12,121,000 RWF
Operational Manager Executive and Management 11,974,500 RWF
Operations Analyst Executive and Management 10,608,800 RWF
Operations Assistant Executive and Management 8,434,700 RWF
Operations Director Executive and Management 13,319,300 RWF
Operations Executive Executive and Management 12,361,500 RWF
Operations Manager Executive and Management 12,721,300 RWF
Operations Supervisor Executive and Management 10,992,900 RWF
Planning Director Executive and Management 12,361,500 RWF
PMO Manager Executive and Management 11,088,300 RWF
Policy Administration Executive Executive and Management 9,695,200 RWF
Private Sector Executive Executive and Management 10,919,400 RWF
Product Development Manager Executive and Management 11,399,200 RWF
Product Executive Executive and Management 10,813,300 RWF
Production Executive Executive and Management 11,497,300 RWF
Production Manager Executive and Management 12,239,700 RWF
Production Supervisor Executive and Management 10,102,100 RWF
Program Director Executive and Management 11,878,500 RWF
Program Manager Executive and Management 12,121,000 RWF
Programme Coordinator Executive and Management 8,856,100 RWF
Project Control Manager Executive and Management 11,878,500 RWF
Project Coordinator Executive and Management 7,618,900 RWF
Project Management Officer Executive and Management 8,578,600 RWF
Project Manager Executive and Management 9,276,800 RWF
Project Portfolio Manager Executive and Management 9,504,500 RWF
Quality Manager Executive and Management 9,792,100 RWF
R/D Director Executive and Management 10,595,000 RWF
Regional Director Executive and Management 16,320,700 RWF
Regional Manager Executive and Management 12,481,200 RWF
Relationship Manager Executive and Management 11,543,100 RWF
Retail District Manager Executive and Management 8,242,900 RWF
Revenue Manager Executive and Management 9,599,200 RWF
Risk Officer Executive and Management 9,010,800 RWF
Safety Manager Executive and Management 8,737,100 RWF
Section Head Executive and Management 9,289,200 RWF
Service Manager Executive and Management 9,886,200 RWF
Shift Supervisor Executive and Management 7,477,100 RWF
Solutions Manager Executive and Management 8,075,200 RWF
Supervisor Executive and Management 7,030,600 RWF
Supply Chain Manager Executive and Management 12,600,600 RWF
Surveyor Executive and Management 8,483,700 RWF
Technical Director Executive and Management 11,161,300 RWF
Technical Manager Executive and Management 11,617,300 RWF
Territory Manager Executive and Management 11,303,900 RWF
Validation Manager Executive and Management 10,510,100 RWF
Vice President Executive and Management 14,880,300 RWF
Zone Manager Executive and Management 12,600,600 RWF

Salary Comparison by City

If you want to compare salaries with different cities in Rwanda, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Kigali 14,400,800 RWF

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